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Sound Group ( (SOGP) ) has issued an announcement.
Sound Group Inc. reported its financial results for the first half of 2024, showing a decline in net revenues to RMB924.0 million from RMB1,223.8 million in the same period of 2023, and a shift from a net income to a net loss of RMB36.5 million. Despite these challenges, the company is committed to enhancing its competitiveness through technological innovation and improving organizational efficiency, which it hopes will drive future growth and value for stakeholders.
More about Sound Group
Sound Group Inc. is a global audio-centric social and entertainment company. The company focuses on leveraging advanced AI technologies and strategic partnerships to empower content creators, aiming to deliver diverse and distinctive content.
YTD Price Performance: -33.21%
Average Trading Volume: 19,742
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $9.61M
For detailed information about SOGP stock, go to TipRanks’ Stock Analysis page.
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